Hospitality sector to surpass £100b mark in 2018 | The Caterer

The total combined turnover of UK hospitality business is set to surpass £100b in 2018, according to a new analysis of government figures.

Official data from the Office for National Statistics (ONS) showed that all businesses providing ‘accommodation and food services’ reached £98b in 2017, up from £92b in 2016 and £86b in 2015.

The sector has consistently grown at between 5% and 6.5% year on year for the past five years according to recruitment platform Adia, and it predicted that even modest growth of 2% would carry the sector over £100b this year.

Brexit fear for U.K. hospitality industry: No staff, hotels forced to close

Three percent of hospitality managers in the United Kingdom predicts they will be forced to close their businesses as a result of Brexit, which nationally could equate to around a £1.1 billion loss for the economy. Almost 1 in 5 (18%) of hospitality managers find recruitment harder now than in April 2017. 16% of hospitality managers do not think they will be able to fulfill staffing requirements over the next 5 years with domestic workers.

The UK hospitality industry could face significant staff shortages if results from a new survey launched by a workforce collaboration software company. The survey, conducted by YouGov, reveals that just over one in ten workers (11%, which is equivalent to around 330,000* staff nationally) working in UK restaurants, catering, bars, and hotels are thinking about leaving the UK as a result of Brexit. This is in stark contrast to hospitality managers’ expectations that only around 4% of their workers are considering leaving the UK due to Brexit.